The Journal Entry a Company Uses to Record the Estimated

question 89

Multiple Choice

The journal entry a company uses to record the estimated product warranty liability expense is

• A) debit Product Warranty Expense; credit Product Warranty Payable
• B) debit Product Warranty Payable; credit Cash
• C) debit Product Warranty Expense; credit Cash
• D) debit Product Warranty Payable; credit Product Warranty Expense

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Definitions:

Unworried

Pertains to a state of not being anxious or concerned.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Dependable

Capable of being relied upon; trustworthy and reliable in terms of consistency and performance.

Careful

Being careful involves acting with thought and caution to avoid harm or mistakes.